HBAR's market cap surged 375% QoQ to $10.3 billion, ranking it 18th among all cryptoassets.
Hedera's network revenue dropped significantly, with the Consensus Service seeing a 99% decline.
Staking remained high, with 54% of the circulating supply locked despite most stakers forgoing rewards.
In Q4, HBAR experienced a remarkable turnaround, with its market cap jumping from $2.2 billion to $10.3 billion, propelling it to the 18th position in crypto rankings.